The finance industry operates thanks to processes that work well together, meet time-to-market deadlines and ultimately avoid risk. Of course, over the past decade, both crisis and opportunity have contributed to making the financial sector an ever-more pressure-filled market. For businesses that operate in this space, reducing operational costs while increasing operational effectiveness has never been more integral to remaining relevant and competitive. Moreover, companies that make use of finance industry process consulting services tend to find paths to improvement that they may have otherwise overlooked.
Interestingly, while businesses in the finance industry have complex workflows and well-established processes, seeking third-party expertise to review organizational processes and suggest process improvement initiatives is a highly successful way of eliminating waste, repetition and variability.
In addition, with proven financial industry process performance consulting services like those offered by Business Transformation Institute, Inc., you can enhance not only the financial strength of your business but also your human capital. Plus, with financial organizations data mining analytics consulting, your organization’s road to optimization is thoroughly marked by measurable data you can use to make the improvements you need.
Are you under pressure to elevate the quality of your service? Do you grapple with the needs to improve productivity, reduce cycle times and eliminate waste? If you answered yes to any of these questions, your company’s reputation, as well as its future, may hinge upon supporting your in-house talent with objective third-party expertise.
The reason is that while you and your employees may be doing everything in your power to meet the daily demands of your business, you need trained business process improvement experts to assist in unlocking the potential of the transformations that can help your business advance.
Of course, at BTI, we recognize that it’s never our job to tell you your business. But our subject matter experts in business processes, change management and business analysis make it their job to continually enhance their knowledge of business process improvement. And though you have extensive knowledge of your current best practices, by leveraging BTI’s business process consulting services, you’ll quickly discover how many new best practices are waiting for you. You can adopt them to make your business even better than it is today.
While BTI has helped many companies in the financial services industry implement process improvement initiatives, actual measurement and meaningful analysis of change is an arduous undertaking. Too often, companies unintentionally wind up taking a biased approach to process improvement through the limited scope of processes they look at, as well as the manner in which they intend to augment those processes. Fortunately, financial organizations data mining analytics consulting from BTI offers a much more holistic, effective and quantifiable means of improving your company’s performance.
Recent technical advancements have allowed software processing data mining services for the financial industry to make tremendous improvements for business process optimization. With data being gathered from every software tool in use in your organization, the correct management and analysis of that data inevitably leads to the elimination of waste and better paths to delivering value to clients.
Additionally, when you choose to work with BTI’s proven methods of mining data, you automatically receive a representation of your existing processes while also being able to review new models for potential process improvements. Plus, with Nymbul Mineral — BTI’s newest process mining tool — you’ll actually see an electronic transactional footprint that each process leaves along with its relationship to other processes. With this visual modeling method and BTI’s experienced analytical talent, you’ll be able to glean deeper insights, make more informed choices and, most importantly, achieve better business results.
At BTI, our process consulting and data mining services have helped leading financial service providers and government organizations within the financial services industry. Our expertise can help your organization too. Contact us to find out how we can help your business transform into a continuously improving and more efficient organization.
BTI succeeds in its mission when an organization is measurably better in a way that makes a real difference, is able to sustain the change for the better, knows that it is better, and is satisfied with the result.
Business Transformation Institute, Inc. (BTI) joined in partnership with Raytheon SAS to help us bring together many diverse business units and to stabilize and improve our performance. Throughout the years we have worked together and achieved CMMI Maturity Level 5 while bringing together geographically and process diverse units. This has allowed us to have a much higher fluidity in our staff and contract execution locations without suffering performance degradation. Also, BTI has led the way in choreographing novel appraisal methodologies that have significantly reduced the cost of maintaining CMMI certification and ensuring that the programs do not suffer “set-back” during the gap between certification renewals.
CNI was going to graduate from the federal government’s 8(a) program. We had to be prepared to compete. Part of this is having good processes. BTI helped us to do it.
I was fortunate to work with the BTI team on deploying the CMMI Level 2 practice at Western Union. There were a number of obstacles in garnering top-down changes and support everyone that the team was able to work through and make it successful.
Implementing CMMI practices and procedures in an unstructured environment is surely difficult, but the BTI team was able to see the big picture and also make sure that the details were correctly addressed and implemented.
I highly recommend the BTI team!
